Justin Sun launches incentives to bolster TRON memecoin ecosystem as TRX price stands cautiously bullish

The founder of Tron, Justin Sun, announced an aggressive thrust to strengthen the same ecosystem of Tron, offering zero negotiation costs, unlimited free energy and up to $ 1 million in developer incentives.

Tron (Trx) Founder Justin Sun taken at X To express a bullish feeling about the same, declaring that he will fully promote the development of the ecosystem of the meme of Tron. He further declared that he will not personally take advantage of the memes launched on a tron. Instead, he will donate all the products and himself cover any loss.

His promise has already materialized In the form of renunciation of negotiation costs for trading same on the platform for the coming months, which means that users can now exchange memes of tron ​​without spending TRX. In addition, Tron will fully cover the cost of energy for the same ceiling trading. Normally, users must freeze their TRX to obtain the energy required for the execution of intelligent contracts, but this subsidy completely removes the need for this. With zero fees and unlimited free energy, the Memecoin on Tron trading is now completely free for the next six months.

In addition to giving up costs and subsidizing energy, Justin Sun recently promised Up to $ 1 million in funding for the same developers to encourage them to rely on Tron. This funding is supplemented by priority lists on major exchanges such as Huobi and Poloniex, which facilitates new mecoins to gain visibility and liquidity.

Regarding TRX price Is concerned, the combination of the derogation of costs, energy subsidies and the financing of developers could prove to be optimistic for TRX in the long term. Even if users will not need to pay negotiation costs or energy costs for the next 6 months, the influx of resulting negotiation activities will likely lead to an increase in the volume of transactions and overall network growth. For example, users could use their profits from the same trades to exchange other assets on a tron ​​that incurred costs, increasing the request for TRX.

In addition, the financial support of the developers of Tron Mencoin, as well as priority exchange announcements, could stimulate more development on the network. As the network develops with more projects, the demand for TRX will probably increase because the developers use the token for the execution of intelligent contracts.

Meanwhile, TRX is currently negotiated at $ 0.23, which has rebounded from the local support region at $ 0.20 to $ 0.21. However, the MacD line is below the signal line, indicating that bears are still in control. That being said, the two lines are starting to flatten, which means that TRX lowering momentum could weaken.

In addition, RSI is 55.02 and tends to increase. It is still well below the exaggerated territory, which means that there is a lot of room so that the price increases above without being considered an excess.

Based on these indicators, the TRX price is prudently optimistic in the short term. However, confirmation will depend on the rupture of major resistance levels. Immediate resistance is around the psychologically significant level of $ 0.25. The next resistance zone is between $ 0.28 and $ 0.30, where the price is consolidated from December to early January after the tip.